News Brief:

Shipbuilding News:

* Victo starts restructuring of JES

* Sinopacific to reduce 30% of workers

* China reveals five-year plan for ship equipment industry

* "Too much expectation on DSME"

* HHIC to build new port hinterland in Busan

Shipping News:

* Positive signals for dry bulk shipping from new China policy

* Dirty Panamax tanker rates on UKC-USGC Route Lowest Since 2009

Steel News:

* Dalian iron ore extends gains; Singapore futures retreat after rally

Energy News:

* Oil prices retreat on profit-taking

Biz China:

* Chinese exports slump, outlook worrying

* Baltic Dry Index

BDI      366          ()

+12

()

BCI      180          +19

)

        (BPI      422 +25

BSI      386           ()

+9

BHSI    240           ()

+3

* TC Avg ($/day)

BCI  5T/C     2,286        ()

+101

()

BPI  4T/C     3,393        +206

BSI  6T/C     4,032         ()

+94

* Exchange Rate

USD / KRW   1,205.2

USD / RMB    6.5106

* Crude Future ($/barrel)

WTI       36.36

Brent     39.65